Runge Jeffrey W. 4
4 · Conmed Healthcare Management, Inc. · Filed Aug 30, 2012
Insider Transaction Report
Form 4
Runge Jeffrey W.
Director
Transactions
- Disposition to Issuer
Common Stock
2012-08-28$3.95/sh−10,000$39,500→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2012-08-29$0.68/sh−40,000$27,200→ 0 totalExercise: $3.27Exp: 2021-01-14→ Common Stock (40,000 underlying)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of July 16, 2012, by and among Conmed Healthcare Management, Inc., Correct Care Solutions, LLC and Hanover Merger Sub, Inc. (the "Merger Agreement"), all shares of common stock were cancelled and converted into the right to receive the merger consideration of $3.95 per share in the merger.
- [F2]Pursuant to the Merger Agreement, this option vested in full and was cancelled in the merger in exchange for a cash amount equal to the number of shares underlying this option multiplied by the difference between the per share merger consideration of $3.95 and the per share exercise price of this option.